The Fed Holds Interest Rates Steady; US Inflation Still Below Target

Monetary

Lite

Adi Ahdiat 02/05/2024 11:15 WIB

URL has been copied

Memuat...

The U.S. central bank, the Federal Reserve (The Fed), maintained its benchmark interest rate at 5.25–5.5% in May 2024. This decision was made because U.S. inflation has not yet reached the target of 2

The Fed's Interest Rate Movement (January 2020 - May 2024)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

The Fed Holds Interest Rates Steady; US Inflation Still Below Target

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

The Fed's Interest Rate Movement (January 2020 - May 2024)

Download

Source

A Small Font
A Medium Font
A Bigger Font

The U.S. Federal Reserve (The Fed) maintained its benchmark interest rate at 5.25–5.5% in May 2024.

This interest rate has remained unchanged for 11 consecutive months since July 2023.

The Fed is holding the interest rate at this level to lower inflation in the United States to 2%.

As of March 2024, the U.S. annual inflation rate was still 3.5%.

"Inflation has fallen over the past year, but remains elevated," the Fed's Committee said in a press release on Wednesday, May 1, 2024.

"In recent months, progress toward the Committee's 2 percent inflation goal has been insufficient," they added.

Despite this, the Fed stated that the overall U.S. economy remains strong.

"Recent indicators suggest that economic activity has continued to expand at a solid pace. Job additions have been robust, and the unemployment rate has remained low," they said.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

Related Data

Prevalence of Inadequate Food Consumption in Cilacap Decreased by 1.39% in the Last Year

4.82% of Situbondo Regency Residents Have Higher Education by End of 2024

99 Hotspots Detected in Indonesia in the Last 24 Hours (Saturday, December 6, 2025)

Average Length of Schooling in Bekasi City Reaches 12.11 Years in 2025

Central Kalimantan's Air Quality This Morning (Dec 6) Worst in Indonesia

Pangandaran Residents' Food Consumption Inadequacy Rate Decreased by 5.22% in 2024

Latest Data Stories

Global Natural Gas Prices Rise to US$3.33/Mmbtu (Friday, May 23, 2025) Energy 06/12/2025, 15:16 WIB

Population of Male Cattle Suitable for Slaughter, Period 2013-2024 Demographics 06/12/2025, 15:05 WIB

US Soybeans Futures Contract Price (Two-Month) - US$1,060.25/Bushel (Friday, May 23, 2025) Economics & Macro 06/12/2025, 14:59 WIB

Bungo Regency Construction Cost Index, Jambi 2025 Property 06/12/2025, 14:57 WIB

Prevalence of Inadequate Food Consumption in Cilacap Decreased by 1.39% in the Last Year Demographics 06/12/2025, 13:15 WIB

The daily price of shallots in traditional markets in Yogyakarta Province has decreased by 16.36% over the past month. Economics & Macro 06/12/2025, 12:38 WIB

Download

Source

The Fed Holds Interest Rates Steady; US Inflation Still Below Target

The Fed Holds Interest Rates Steady; US Inflation Still Below Target

Tags

Related Data

Prevalence of Inadequate Food Consumption in Cilacap Decreased by 1.39% in the Last Year

4.82% of Situbondo Regency Residents Have Higher Education by End of 2024

99 Hotspots Detected in Indonesia in the Last 24 Hours (Saturday, December 6, 2025)

Average Length of Schooling in Bekasi City Reaches 12.11 Years in 2025

Central Kalimantan's Air Quality This Morning (Dec 6) Worst in Indonesia

Pangandaran Residents' Food Consumption Inadequacy Rate Decreased by 5.22% in 2024

Latest Data Stories

Popular Data

The Fed Holds Interest Rates Steady; US Inflation Still Below Target

The Fed Holds Interest Rates Steady; US Inflation Still Below Target

Tags

Related Data

Prevalence of Inadequate Food Consumption in Cilacap Decreased by 1.39% in the Last Year

4.82% of Situbondo Regency Residents Have Higher Education by End of 2024

99 Hotspots Detected in Indonesia in the Last 24 Hours (Saturday, December 6, 2025)

Average Length of Schooling in Bekasi City Reaches 12.11 Years in 2025

Central Kalimantan's Air Quality This Morning (Dec 6) Worst in Indonesia

Pangandaran Residents' Food Consumption Inadequacy Rate Decreased by 5.22% in 2024

Latest Data Stories

Trending Topics

Popular Data